Asia-Pacific Cattle Feed Market

The Asia Pacific Cattle Feed market occupies the highest market share in the global Cattle Feed market, followed by North American and European markets. Asia-Pacific cattle feed market is dominated by China, which accounted for 50% market share in 2012 and India is estimated to grow at a CAGR of 6.6% from 2013 to 2018. India and Japan collectively had a market share of around 12% in the year 2012.

Chinese cattle feed and feed additives market has the potential to grow in the near future with advanced technology that results in growth of cattle feed consumption. Besides, the Indian cattle feed market growth is a result of industrialization of dairy segment and increasing consumption of dairy products. Other countries that drive the market growth in cattle feed and feed additives market in the Asia-Pacific region includes Thailand, New Zealand, Australia, South Korea and Vietnam. They collectively accounted for around 37% of the Asia-Pacific market share in the year 2012.

Dairy segment leads the Asia-Pacific cattle feed market, growing at a CAGR of 6.0% for the forecast period. Beef follows the dairy market and is the fastest growing segment, in the Asia-Pacific cattle feed market by types. It is estimated to grow at a CAGR of 6.6% from 2013 to 2018.

Cargill Inc. (U.S.) is a major producer of cattle feeds in the Asia-Pacific region. Charoen Pokphand (Thailand), Nutreco NV (Netherlands), Archer Daniels Midland Co. (U.S.), BASF SE (Germany), DSM NV (Netherlands) are some of the major players in the cattle feed and cattle feed additives market.

Scope of the Report

This research report categorizes the Asia Pacific cattle feed market into the following segments:

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Payment Link - Vietnam Feed
The Vietnamese feed market is projected to reach a value of USD 9.52 billion by 2021, at a CAGR of 5.6% from 2016 to 2021. The market is driven by factors such as gradual shift from unorganized livestock farming to organized sector and the growing awareness regarding the importance of health and hygiene of livestock. The support provided by the government to foreign companies has also led to the development and growth of this market.